2nd Feb 2010 07:00
Interior Services Group plc
("ISG" or "the Group")
Successful allocation of retail work for 2010
ISG's Retail operations, comprising ISG Pearce Retail and ISG Cathedral, are pleased to announce that they have received to date allocations from their major retail customers of 208 projects for the calendar year 2010, with a total value of £163m, a similar level to the previous year.
Their major retail customers include Tesco, ASDA, Sainsbury's, Marks & Spencer, Barclays, Lloyds Banking Group, RBS and HSBC.
Based on these successful allocations and work already successfully completed, revenue for the Group's Retail operations for the twelve month period ending 30 June 2010 is anticipated to be in line with the previous year (2009: £208m), albeit with an increased weighting towards the second half of the year.
David Lawther, Chief Executive of ISG, said:
"We are delighted to be able to announce these allocations for our Retail operations, which again demonstrates the resilience of our business and the continuing capital investment programmes of our major UK Retail customers."
2 February 2010
Enquiries:
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Interior Services Group plc |
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David Lawther, Chief Executive |
020 7392 5250 |
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Jonathan Houlton, Group Finance Director |
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College Hill |
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Matthew Smallwood, Adam Aljewicz |
020 7457 2020 |
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Numis Securities Ltd |
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Nominated Advisor: Michael Meade/Simon Blank |
020 7260 1000 |
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Corporate Broking: Chris Wilkinson/Rupert Krefting |
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Note to editors
ISG delivers award winning new build, refurbishment and fit out services internationally and has operations across the UK, Europe and Asia. The company's headquarters are in the UK and in 2009 had combined revenues of nearly £1.1 billion.
As one of the most established and respected companies in the construction industry, ISG has been managing the construction process and simplifying the complex for owners, occupiers and developers since 1989. With a wealth of experience working across a variety of sectors, locations and project values up to £100 million, we offer a tailored service to every individual customer's needs.
ISG's Retail offering comprises ISG Pearce Retail and ISG Cathedral. ISG Pearce Retail focuses primarily on major food retail customers, undertaking projects comprising of new build, shell fit outs, extensions and refurbishments. Project sizes vary from £100,000 to £10m. ISG Cathedral is a multi-award winning contractor focusing primarily on bank branch roll out frameworks with project sizes varying from £5,000 up to £5m. Last year the divisions contributed combined revenues in excess of £200 million.
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